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Side-by-side financial comparison of FONAR CORP (FONR) and YORK WATER CO (YORW). Click either name above to swap in a different company.

FONAR CORP is the larger business by last-quarter revenue ($25.5M vs $19.4M, roughly 1.3× YORK WATER CO). YORK WATER CO runs the higher net margin — 26.7% vs 8.0%, a 18.7% gap on every dollar of revenue. On growth, YORK WATER CO posted the faster year-over-year revenue change (3.2% vs 2.4%). Over the past eight quarters, YORK WATER CO's revenue compounded faster (5.1% CAGR vs -0.3%).

FONAR Corp is a specialized medical technology firm that designs, manufactures, and distributes innovative MRI systems including upright and open models. It primarily serves U.S. hospitals, diagnostic imaging centers, and healthcare providers, delivering high-precision scanning solutions for clinical diagnostic use.

The York Water Company is an investor-owned, public utility company based in York, Pennsylvania and operating throughout Pennsylvania. The company was founded in 1816 by a group of local businessmen concerned about fire protection.

FONR vs YORW — Head-to-Head

Bigger by revenue
FONR
FONR
1.3× larger
FONR
$25.5M
$19.4M
YORW
Growing faster (revenue YoY)
YORW
YORW
+0.8% gap
YORW
3.2%
2.4%
FONR
Higher net margin
YORW
YORW
18.7% more per $
YORW
26.7%
8.0%
FONR
Faster 2-yr revenue CAGR
YORW
YORW
Annualised
YORW
5.1%
-0.3%
FONR

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FONR
FONR
YORW
YORW
Revenue
$25.5M
$19.4M
Net Profit
$2.1M
$5.2M
Gross Margin
Operating Margin
13.5%
33.2%
Net Margin
8.0%
26.7%
Revenue YoY
2.4%
3.2%
Net Profit YoY
4.7%
0.5%
EPS (diluted)
$0.36

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FONR
FONR
YORW
YORW
Q4 25
$25.5M
$19.4M
Q3 25
$26.0M
$20.2M
Q2 25
$27.3M
$19.1M
Q1 25
$27.2M
$18.3M
Q4 24
$24.9M
$18.8M
Q3 24
$25.0M
$19.6M
Q2 24
$25.9M
$18.6M
Q1 24
$25.7M
$17.5M
Net Profit
FONR
FONR
YORW
YORW
Q4 25
$2.1M
$5.2M
Q3 25
$2.3M
$6.2M
Q2 25
$729.3K
$5.1M
Q1 25
$2.5M
$3.6M
Q4 24
$2.0M
$5.1M
Q3 24
$3.1M
$5.9M
Q2 24
$830.4K
$5.0M
Q1 24
$1.9M
$4.3M
Operating Margin
FONR
FONR
YORW
YORW
Q4 25
13.5%
33.2%
Q3 25
14.1%
39.1%
Q2 25
5.3%
37.1%
Q1 25
15.2%
34.3%
Q4 24
11.9%
35.8%
Q3 24
21.0%
41.1%
Q2 24
7.4%
37.9%
Q1 24
16.8%
35.5%
Net Margin
FONR
FONR
YORW
YORW
Q4 25
8.0%
26.7%
Q3 25
8.7%
30.6%
Q2 25
2.7%
26.5%
Q1 25
9.2%
19.8%
Q4 24
7.9%
27.4%
Q3 24
12.6%
29.9%
Q2 24
3.2%
26.8%
Q1 24
7.3%
24.7%
EPS (diluted)
FONR
FONR
YORW
YORW
Q4 25
$0.36
Q3 25
$0.43
Q2 25
$0.35
Q1 25
$0.25
Q4 24
$0.36
Q3 24
$0.41
Q2 24
$0.35
Q1 24
$0.30

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FONR
FONR
YORW
YORW
Cash + ST InvestmentsLiquidity on hand
$121.0K
$1.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$176.9M
$240.3M
Total Assets
$217.2M
$680.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FONR
FONR
YORW
YORW
Q4 25
$121.0K
$1.0K
Q3 25
$122.0K
$1.0K
Q2 25
$56.5M
$1.0K
Q1 25
$123.0K
$1.0K
Q4 24
$121.0K
$1.0K
Q3 24
$136.0K
$1.0K
Q2 24
$56.5M
$1.0K
Q1 24
$134.0K
$3.3M
Total Debt
FONR
FONR
YORW
YORW
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$66.9K
Q1 24
Stockholders' Equity
FONR
FONR
YORW
YORW
Q4 25
$176.9M
$240.3M
Q3 25
$174.9M
$238.0M
Q2 25
$172.6M
$234.6M
Q1 25
$171.9M
$232.1M
Q4 24
$169.8M
$231.2M
Q3 24
$168.7M
$228.7M
Q2 24
$166.0M
$225.4M
Q1 24
$165.8M
$222.9M
Total Assets
FONR
FONR
YORW
YORW
Q4 25
$217.2M
$680.9M
Q3 25
$218.4M
$667.1M
Q2 25
$216.9M
$653.7M
Q1 25
$214.9M
$641.8M
Q4 24
$208.0M
$633.5M
Q3 24
$212.3M
$621.4M
Q2 24
$214.2M
$610.4M
Q1 24
$209.6M
$602.3M
Debt / Equity
FONR
FONR
YORW
YORW
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.00×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FONR
FONR
YORW
YORW
Operating Cash FlowLast quarter
$171.0K
$8.4M
Free Cash FlowOCF − Capex
$-227.0K
FCF MarginFCF / Revenue
-0.9%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
0.08×
1.63×
TTM Free Cash FlowTrailing 4 quarters
$5.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FONR
FONR
YORW
YORW
Q4 25
$171.0K
$8.4M
Q3 25
$1.7M
$7.8M
Q2 25
$4.2M
$7.6M
Q1 25
$3.1M
$6.0M
Q4 24
$2.2M
$10.2M
Q3 24
$1.7M
$7.5M
Q2 24
$4.6M
$6.7M
Q1 24
$2.8M
$6.1M
Free Cash Flow
FONR
FONR
YORW
YORW
Q4 25
$-227.0K
Q3 25
$-177.0K
Q2 25
$3.6M
Q1 25
$2.6M
Q4 24
$1.5M
Q3 24
$-148.0K
Q2 24
$4.2M
Q1 24
$2.6M
FCF Margin
FONR
FONR
YORW
YORW
Q4 25
-0.9%
Q3 25
-0.7%
Q2 25
13.1%
Q1 25
9.4%
Q4 24
6.0%
Q3 24
-0.6%
Q2 24
16.1%
Q1 24
10.2%
Capex Intensity
FONR
FONR
YORW
YORW
Q4 25
1.6%
Q3 25
7.2%
Q2 25
2.4%
Q1 25
2.2%
Q4 24
3.0%
Q3 24
7.2%
Q2 24
1.6%
Q1 24
0.7%
Cash Conversion
FONR
FONR
YORW
YORW
Q4 25
0.08×
1.63×
Q3 25
0.75×
1.26×
Q2 25
5.79×
1.50×
Q1 25
1.26×
1.65×
Q4 24
1.14×
1.98×
Q3 24
0.53×
1.29×
Q2 24
5.54×
1.34×
Q1 24
1.50×
1.42×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FONR
FONR

Managementof Diagnostic Imaging Centers$23.2M91%
Manufacturingand Servicingof Medical Equipment$2.4M9%

YORW
YORW

Segment breakdown not available.

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